Longshine Technology Group Co (SZSE:300682) ROCE % : -1.66% (As of Mar. 2024)

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What is Longshine Technology Group Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Longshine Technology Group Co's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.66%.

Longshine Technology Group Co ROCE % Historical Data

The historical data trend for Longshine Technology Group Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Longshine Technology Group Co ROCE % Chart

Longshine Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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29.99

14.67

13.39

6.19

6.56

Longshine Technology Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															0.66	1.92	6.35	17.27	-1.66

Longshine Technology Group Co ROCE % Calculation

Longshine Technology Group Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	519.816	/	( ( (9780.429 - 1980.966)	+	(9978.148 - 1920.818) )	/ 2 )
	=	519.816	/	( (7799.463	+	8057.33)	/ 2 )
	=	519.816	/	7928.3965
	=	6.56 %

Longshine Technology Group Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-134.24	/	( ( (9978.148 - 1920.818)	+	(9795.749 - 1660.248) )	/ 2 )
	=	-134.24	/	( ( 8057.33	+	8135.501 )	/ 2 )
	=	-134.24	/	8096.4155
	=	-1.66 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Longshine Technology Group Co (SZSE:300682) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Longshine Technology Group Co ROCE % Related Terms

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Longshine Technology Group Co (SZSE:300682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Longshine Technology Group Co Ltd (SZSE:300682) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Zhengzhe Road, 6F, Building D, Jinyu, Wuxi Software Park, Wuxi New District, Jiangsu province, Wuxi, CHN, 214000

Website

http://www.longshine.com

Longshine Technology Co Ltd is engaged in the provision of software and IT services for the power and electricity industry. Its range of solutions in new energy and smart grid areas are electric vehicle smart charging service network operation management system; enterprise energy efficiency management system; wind power centralized monitoring system; smart electric substation; and mobile internet payments through Alipay.

Executives

Zhang Ming Ping	Director
Xu Zhang Jun	Director
Weng Chao Wei	Executives
Peng Zhi Ping	Directors, executives
Wang Shen Yong	Directors, executives
Ji Yue	Securities Affairs Representative
Chen Zhi Yi	Supervisors

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